Genesis Energy net income reaches $42.9 million
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- Genesis Energy reported Q2 2026 attributable net income of $42.9 million, reversing a $0.4 million loss.
- Operating cash flow increased to $180.7 million, while common-unit distribution coverage reached 3.2 times.
- The partnership is reducing financing costs and expects full-year Adjusted EBITDA near the lower end of its previous range.
Genesis Energy (NYSE:GEL) reported Q2 2026 attributable net income of $42.9 million, reversing a $0.4 million loss.
Revenue rose 41% to $532 million from $377.3 million, while operating cash flow increased to $180.7 million from $47.0 million.
Adjusted EBITDA reached $171.5 million, available cash was $78.3 million, distribution coverage was 3.2 times and bank leverage fell to 5.00 times.
Genesis expects 2026 adjusted EBITDA near its prior range’s lower end.
During Q2, Genesis sold non-core gas assets for $95 million and used financing proceeds to repurchase $83 million of preferred securities.
Offshore pipeline margin rose 32% to $115.6 million, while onshore margin climbed 53% and marine margin fell 14%.
